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Old 03-21-2005, 12:36 PM
SamJack SamJack is offline
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Join Date: Sep 2003
Posts: 436
Default Re: Cashout question

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I am more concerned about other issues (Patriot Act/legality).

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General concensus here is that it is much more problematic to avoid paying taxes then the possible risk of IRS reporting your gambling winnnings (and thus internet gambling) to justice department or what have you.

As far as Patriot act goes, it is really a set of laws to curb off-shore money laudering, it has nothing to do with transfering your gambling winnings from a poker site to your bank account. It has everything to do with transfering your gambliding winning to a secret account in Latvia...

SamJack
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